Crypto and financial ecosystems

Crypto today is helping developing countries to strengthen their financial ecosystems. Thanks to Bitcoin 🅱️ and other cryptocurrencies, global transactions became easier and safer. Nowadays people in developing countries can send money basically anywhere in the world 🌐 — something they couldn’t afford before. So let’s find out how crypto development helps to create a better future.

1. Improved access to banking is among the most valuable factors that helped crypto to develop with such a huge success. According to the World Bank, more than 2 bln. people around the world don’t have access to banking services. Along with mobile networks developing at a high pace, crypto services are also flourishing in these countries and provide crypto mobile app development services as well.

2. Transparency in the financial system is one of the things that lack all the developing countries. Thus, the ever-growing gap between the rich and the poor is only getting bigger. All this lead to the situation when developing countries were in an urgent need of something like Blockchain technology that makes corruption nearly impossible.

3. Thanks to crypto, developing countries now have a new way to get to the income equality, because unlike conventional banking, there’s no requirement for any physical presence at any specific location in crypto. So crypto became a great chance to provide people with accessibility, clarity, and transparency — the most valuable things that developing countries always are in lack of.

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